ING Insurance Co. of America, an American subsidiary of Dutch bancassurer ING Group, says NASD staff have made a preliminary recommendation that disciplinary action be brought against an affiliate company and one of its registered agents. ING Insurance Co. of
The combined assets of exchange traded funds (ETFs) in the US were worth were $180.84 billion in September, according to the Investment Company Institute, the national association of the investment company industry. Assets of all exchange traded funds increased by
California Insurance Commissioner John Garamendi has published regulations requiring insurance agents and brokers to disclose any financial incentive they receive for selling insurance products and steering business to specific companies. Aimed at a practice that has sparked a national controversy
State Street says that it has been selected by White Mountains Advisors LLC to provide investment accounting for the general account assets of Symetra Financial. State Street will provide Symetra Financial with securities accounting for its insurance and other portfolios,
The Bank of New York (Luxembourg) S.A. has been appointed by William Blair & Company, L.L.C., a US investment firm with more than $30 billion of assets under management, to provide fund administration services in support its first mutual fund
Bruno Zutterling, Director for Investment Fund Services at Clearstream, knew where to look for clients of the Vestima+ mutual fund order routing platform he has created. What better place to start than CDC IXIS, the French banking group where he
State Street says it is servicing nearly two thirds of the Securities Investment Trust Enterprise (SITE) collective investment funds market in Taiwan. The Boston based bank claims that, at 31 August 2004, it was supplying investment services including fund accounting
Totem Market Valuations, the provider of derivatives valuation services, has expanded its independent pricing service for interest rate swaptions, caps and floors. It now includes Swiss Francs, Hong Kong Dollars and Korean Won. Totem already provides pricing information on vanilla
An iShares Exchange Traded Fund (ETF) based on the FTSE Xinhua China 25 Index has been launched by BGI. This is the first China only ETF for US investors. It is traded on the New York Stock Exchange. On the
A study published in the recent issue of The Journal of Finance has found that short term shareholders impose more transaction costs on mutual funds than long term shareholders, who end up subsidizing these costs. Interestingly, mutual funds can predict